Shares of BMW Decline by 7.3%
On Concerns Over Its Rover Unit

By

Ina Bauer Dow Jones Newswires

Updated Dec. 2, 1998 12:01 a.m. ET

FRANKFURT -- Investor concerns about the Rover unit of Bayerische Motoren Werke AG sent BMW shares falling 7.3% Tuesday, a day before the auto maker is expected to outline an accord between the unit and union officials.

Last Friday, BMW management and union leaders agreed on a savings plan entailing work flexibility measures to ensure the future of Rover's biggest U.K. plant in Longbridge. Unconfirmed media reports said the agreement...